Senate Bill 1711 amends Tennessee Code Annotated, Title 48, Chapter 64, concerning the judicial dissolution of nonprofit corporations. The bill specifically revises the venue provisions for proceedings initiated by the attorney general and reporter to dissolve a corporation. The new language clarifies that venue lies in any county where the corporation's principal office is located, where the corporation has engaged in activities, where the attorney general has an office, or in Davidson, Sumner, or Williamson Counties. Additionally, it establishes that for proceedings brought by other parties, venue is determined by the location of the corporation's principal office or registered office.

The bill deletes the previous language in subsection (a) and replaces it with the updated venue criteria, ensuring a more precise framework for determining where dissolution proceedings can be filed. This change aims to streamline the process and provide clarity for both the attorney general and other parties involved in such proceedings. The act is set to take effect upon becoming law, emphasizing the importance of timely legal clarity in matters of nonprofit corporation dissolution.

Statutes affected:
Introduced: 48-64-302